DAX Futures Morning Update on 12 July

The FTSE 100 Futures is trading at 7,552.50  up with +0.27% percent or +20.00 point. The CAC 40 Futures is trading at 5,353.93 with  a loss of -1.48% percent or -80.42 point . The DAX Futures is trading at 12,452.00 up with + 0.29% percent or  +36.00 point . The EURO Stoxx 50 Futures is trading at 3,426.00 up with +0.29% percent or +36.00point.

TODAY’S FACTORS AND EVENTS

Global markets are seeing red on yesterday, as investors remain uneasy about the tariff battle being waged between the US and its major trading partners, particularly China. After the US and China imposed tariffs on each other of some $30 billion, the Trump administration has raised the ante, threatening to hit China with further tariffs on $200 billion worth of Chinese goods. China cannot retaliate in kind, since it does not import that amount of goods from the US Still, the Chinese can take steps which will make it more difficult for US companies to do business in China. President Trump’s presence at the NATO summit will not bolster investor confidence, as Trump has lashed out at Germany and other NATO members for not paying their fair share in defense spending.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,605.42 up with +0.18% percent or  +13.46 point. France’s CAC 40 closed at 5,353.93  with a loss of -1.48% percent or -80.42 point. Germany’s DAX closed at 12,417.13 with a loss of -1.53% percent or -192.72 point.

WORLD MARKETS

For the day the Dow is trading at 24,700.45 with a loss of -0.88% percent or -219.21 point. The S&P 500 is trading at 2,774.02  with a loss of  -0.71% percent or -19.82 point. The Nasdaq Composite is trading at 7,716.61 with a loss of      – 0.55% percent or -42.59 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,187.96 up with +1.17% percent or +255.75 point. Hong Kong’s Hang Seng is trading at 28,504.37 up with +0.68% percent or +192.68 point. China’s Shanghai Composite is trading at 2,837.66 up  with +2.16% percent or +59.89 point. India’s BSE Sensex is trading at 2,837.66 up with +2.16% percent or  +59.89 point at 12:15 PM.

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